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![Anticorrosive coatings](/gfx/izostal2/_thumbs/en/corekategorie/136/iz_antyk,mn184GejllrYo7DjVJ2o.jpg)
Anticorrosive coatings
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Steel pipes
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Metallurgical products
General Terms of Sale
Current reports A A A
Conclusion of a significant contract
Report no.: 50/2011
Date of issue: 2011-10-18
Legal basis: Art. 56 cl. 1 item 2 of the Public Offering Act - current and periodic information
SUBJECT:
Conclusion of a significant contract
CONTENT OF THE REPORT:
The Management Board of Izostal S.A. (Company) informs that on October 18, 2011 the Company concluded the steel products purchase transaction with Stalprofil S.A. seated in Dąbrowa Górnicza. Following this transaction the total value of the contracts concluded by the Company with Stalprofil S.A. and its subsidiaries calculated since August 18, 2011 (current report no. 43/2011) has exceeded 10% of the Company's equity and amounted to PLN 13,406,829.89 (net).
In the aforesaid period the transaction of the largest value was concluded on August 22, 2011, and it was the contract with the company ZRUG Zabrze Sp. z o.o. being part of Stalprofil S.A. Group, of the value of PLN 1,403,626.00 (net). The contract refers to the performance by ZRUG Zabrze Sp. z o.o. of the works connected with the extension and development of the pipes storage yard in the Steel Pipes Coating Plant in Kolonowskie, owned by Izostal S.A.
The terms and conditions of the transaction do not provide for any contractual damages and are not different from the conditions used typically for such contracts.
The transactions concluded with Stalprofil S.A. and its subsidiaries in the aforementioned period meet the criterion of a significant contract as their total value exceeds 10% of the Company equity.
Specific legal basis: §5 clause 1 item 3 of the Ordinance of the Minister of Finance of February 19, 2009 on current and periodic information disclosed by the issuers of commercial papers and the conditions for recognizing as equivalent the information required by the laws of a non-member state (Journal of Laws No. 33, item 259 as amended).
SIGNATURES OF PERSONS REPRESENTING THE COMPANY:
Management Board President, General Director Marek Mazurek 2011-10-18
Management Board Vice President, Commercial Director Jacek Podwiński 2011-10-18
INFORMATION ON THE ENTITY:
Full name of the issuer: IZOSTAL SPÓŁKA AKCYJNA
Abbreviated name of the issuer: IZOSTAL S.A
Sector based on the classification of Warsaw Stock Exchange: Other industry
Address: 47-120 Zawadzkie Polna 3
Telephone: (77) 405 65 00
Fax: (77) 405 65 01
e-mail:info@izostal.com.pl
www.izostal.com.pl
VAT No. [NIP]:756-00-10-641
Statistical No. [REGON]: 530884678